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At the end of a 3-year project Graves Inc is selling a truck they will no longer need for $1500. They purchased the truck for
At the end of a 3-year project Graves Inc is selling a truck they will no longer need for $1500. They purchased the truck for the project 3 years ago for $5|000. The truck is being depreciated over 5 years on a straight-line basis. If Graves has a 21% tax rate what effect will the sale of the truck have on free cash flow in year three
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